The State Ministry of Consumer Protection says manufacturing companies have agreed to reduce the price of domestic power lines by 11 percent.
The companies have agreed to reduce prices of 90 percent of the products by 11 percent and one product by 5 percent.
The domestic power lines required for the country are manufactured by local companies and are also supplied to the export market.
Copper, the main raw material for these products, is imported, and the price of domestic power lines has increased in recent days as a metric ton of copper has increased from USD 5,000 to USD 10,000.
However, three rounds of discussions were held between the State Ministry and the representatives of the manufacturing companies regarding the price and it was agreed to reduce the price from the 1st of August.